Shopping for a mortgage

[huckbucket]

Any recs on who I should talk to in NY?

[Flyoverland Captive]

Anyone have a guy in OR? Looking to refi, and my current mortgage carrier (USBank) is making it difficult.

[liv2ski]

Perhaps I should be talking to you instead of my current guy?!!?

Only if you're in California and ready to start your application Pronto as I leave for Europe in 30 days

[mdblows]

Trying to lock in a 3.375 on a ~$365k refi in CO. Anyone else in the front range seeing better? Wife (800+) and I (~760) both have strong credit.

[liv2ski]

Trying to lock in a 3.375 on a ~$365k refi in CO. Anyone else in the front range seeing better? Wife (800+) and I (~760) both have strong credit.

Did you check on Zillow?

[skaredshtles]

<snip> I leave for Europe in 30 days

Hope springs eternal.

[liv2ski]

Hope springs eternal.

No s***, glad I have trip insurance

[mdblows]

Did you check on Zillow?

Yeah I did - 3.375 was as good as I saw. Wanted to put a feeler out and see if anyone had the line on something better. I guess another 1/8 of a point isn't going to be material though.

[Danno]

I need to do this... currently at 4.0 with a 10/1.

I really hate this process though. No offense to the mags that are in this business, but it’s worse than going to a used car lot... the big banks are terrible to deal with, the local lenders seem to just slap a percentage on-top of a loan from elsewhere, the online mortgage companies just sell your contact info to all the lenders in a 100 mile radius....

Where are you located? I have never found this process anywhere close to used cars. First, always get referrals, that cuts down on the unscrupulous guys. Second, check with a credit union if you have one. Third, use zillow as has been recommended (and read the reviews to make sure your selection is reputable).

Trying to lock in a 3.375 on a ~$365k refi in CO. Anyone else in the front range seeing better? Wife (800+) and I (~760) both have strong credit.

On zillow, I saw 3.25. Cruiser on here turned me on to a guy that is usually slightly better than zillow. So yeah, you can probably do better but not much better.

[Name Redacted]

Trying to lock in a 3.375 on a ~$365k refi in CO. Anyone else in the front range seeing better? Wife (800+) and I (~760) both have strong credit.

We just refinanced and got 3.375 under similar circumstances. Knocked $350 off our monthly payment so that was nice.

Now I’m trying to figure out how to refi a portfolio loan on another home. Any ideas? Property type basically requires a portfolio loan due to the building having a large percentage of retail. Loan is a 4.25% currently but is a 7/1. Would like to lock it in on a 30 but that isn’t always an option with portfolios.

[Timberridge]

I'm just a tick over 550 because I missed a couple payments on the Bentley and a chick I met on Ashley Madison rang some stuff up at Nieman Marcus. Any idea what my rate would be on a 30yr?

[BmillsSkier]

I'm just a tick over 550 because I missed a couple payments on the Bentley and a chick I met on Ashley Madison rang some stuff up at Nieman Marcus. Any idea what my rate would be on a 30yr?

Wait, a different Ashlee?

[Timberridge]

Not exactly. Her name was Svetlana. She had me dress up like a Tsar, then she donned a Bolshevik outfit and would attempt to "revolutionize" me. Our safe word was 'perestroika,' which I learned if mispronounced, sounded like another Russian word which meant "hit me harder."

I haven't met Bobby's Ashlee. Yet.

[tgapp]

we're getting told 2.8% on a 15 by detrusor's guy - seems like an honest and straightforward broker, does that sound about right for today's rates to everyone else? 300k in slc

[natty dread]

Hard to predict I know, but any sense among the mortgage guys as to whether rates may go down even further given the virus turmoil?
I’m at 4.75 and def looking to refi.

[skaredshtles]

https://www.theguardian.com/money/20...-rate-mortgage

[evdog]

Only if you're in California and ready to start your application Pronto as I leave for Europe in 30 days

PM incoming.

[Timberridge]

I'm just a tick over 550 because I missed a couple payments on the Bentley and a chick I met on Ashley Madison rang some stuff up at Nieman Marcus. Any idea what my rate would be on a 30yr?

It's a super jumbo if that helps.

[liv2ski]

Thanks to the mags that reached out to me today. I have one spot left that I am saving for a $400k+ loan amount on a SFR if anyone else needs a smokin rate and fee quote.

[liv2ski]

we're getting told 2.8% on a 15 by detrusor's guy - seems like an honest and straightforward broker, does that sound about right for today's rates to everyone else? 300k in slc

Locked in a SFR with a $650k value, $400k loan amount, 780 credit scores at 2.50% (15 years) with a $2k credit towards his $2,300 in nonrecurring costs. Boy, some of these lenders are making bank off the public.

[Dantheman]

I refi'd to 3.6 a few years ago and figured that was about as good as I could ever do and I'd never worry about it again. I don't want to restart the amortization clock, but things are getting low enough to make me think about it. 3.6->3.2 only saves about $40/mo, but if they went under 3.0 I might have to do it. It's crazy to think that 8-10% was normal not too long ago.

[Boissal]

I refi'd to 3.6 a few years ago and figured that was about as good as I could ever do and I'd never worry about it again. I don't want to restart the amortization clock, but things are getting low enough to make me think about it. 3.6->3.2 only saves about $40/mo, but if they went under 3.0 I might have to do it. It's crazy to think that 8-10% was normal not too long ago.

Similar situation here. Went from a 30-year at 4.0% to a 20-year at 3.125% after about 3 years of owning the place. I thought that would be the end of that but dropping to a 15-year below 3% after only a couple of years would mean unchanged payments and shortening the clock by 3 years. Tempting...

[skaredshtles]

Similar situation here. Went from a 30-year at 4.0% to a 20-year at 3.125% after about 3 years of owning the place. I thought that would be the end of that but dropping to a 15-year below 3% after only a couple of years would mean unchanged payments and shortening the clock by 3 years. Tempting...

[SeatownSlackey]

Make sure you’re getting a 60 day rate lock included. Everyone is going to be jammed and unlikely able to make a normal 30 day work with the spike in volume

[liv2ski]

A 60 day lock does cost .50% more in fees than a 30 day lock normally. On a $350,000 loan amount that is $1,750 more If the guy tells you he will get it done, then the lock extension cost is on him or at least that is how I handle it.